Mastech Digital bets on analytics, AI to hit USD 500 mn revenue milestone

NYSE-listed Mastech Digital is betting big on areas like advanced analytics and artificial intelligence to accelerate growth as it aspires to hit the USD 500 million revenue-milestone in the next few years.

Mastech Digital, which is promoted by Ashok Trivedi and Sunil Wadhwani (founders of IT firm iGATE), offers digital transformation and IT staffing services. Its revenues stood at USD 177.2 million in 2018 and the company has around 1,650 employees globally.

"We have seen strong growth in both of our businesses. Our approach of advanced analytics and artificial intelligence-led offerings will play a key role in our expansion... We aspire to hit the USD 500 million-revenue mark in the next few years and we see these technology areas playing a critical role in that vision," Mastech Digital President and CEO Vivek Gupta told PTI.

He added the company has been strengthening its team to aggressively tap into opportunities in markets like North America, Far East Asia and the Middle ...